Stock market rebounds for second straight day as the White House signals even more strongly it wants to make nice on tariffs
- All major stock indicators have risen On Wednesday, after the morning speech delivered by Treasury Secretary Scott Payette, who promised that the United States would not abandon global trade. Elsewhere in the market, bond revenues decreased slightly, and the US dollar rose, both of whom are encouraging.
American stocks continued to gather on Wednesday, as the markets welcomed news that the White House aims to alleviate its position on the solid tariff policies.
The S&P 500 increased by 1.67 %, and Nasdak by another 2.5 %, and Dow rose 419 points (1.07 %) per day.
The stocks rose for the second consecutive day after ending on Tuesday with a profit. Meanwhile, gold prices fell by 3.33 % to $ 3,305 after reaching the highest level at 3500 dollars on Tuesday. Gold, along with Bitcoin, has become a safe haven for investors who are eager to cover amid constant turmoil in the stock market. But with the stability of the shares, the demand for these assets calmed down.
The investor relief from the speech of Treasury Secretary Scott Beesen on Wednesday morning at the International Finance Institute in Washington, DC in his statements, and fears that the United States would lead to cutting itself from world trade completely, and repeated the United States’ commitment to remaining a major player in international trade.
“I would like to be clear: America first does not mean America alone.” “On the contrary, it is an invitation to deeper cooperation and mutual respect among commercial partners.”
Pesin also fell from the tone of the Trump administration’s harsh management towards China, which was 145 %. Now it seems that the White House is making more clear matches for its Chinese counterparts, and inviting them to work in a commercial deal.
“Everyone knows [China] “Bessin needs,” said Pesinte.
Fears of a complete commercial confrontation can lead to a real separation between the two largest economies in the world that have spanned throughout the markets such as the worst cases.
Jose Torres, senior economists in interactive intermediaries, wrote, referring to the investment thesis that Trump will reflect its course on the customs tariff to maintain the stock market.
The US bond and dollar market began to recover after several days of sharp declines that indicated an unusual shortage of believing in the American economy. The revenues for 20 years and 30 years were marginally less on Wednesday. The return also decreased over 10 years. The US dollar increased by 0.93 % against a basket of similar currencies.
Bitcoin today ended 0.22 %. Wednesday’s moves erupted, despite being marginal, a pattern that started during the past few days when Bitcoin has moved back to the stocks. Historically, the two move simultaneously with each other.
“We have a intuition that BTC’s strength comes as a result [the dollar index]”Bitcoin has increased at the same time as gold, yen, Swiss franc, and euro, against the US dollar,” said Aureli Batriqi, a research analyst at the Crypto Trading Nansen platform.
This story was originally appeared on Fortune.com
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2025-04-23 20:13:00
